Is Greenwood, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenwood is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Greenwood has remained a Seller's Market.

Key Takeaway

Greenwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greenwood, IN

How much do homes in Greenwood, IN cost?

Median Sold Price

$314,961

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,961(+6.8%)

Key Takeaway

Homes in Greenwood have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Greenwood was $314,961 in October 2024, up 6.8% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165.7K$177K
+6.8%
2 $220K$235K
+6.8%
3 $269.9K$275K
+1.9%
4 $350K$366.1K
+4.6%
5+ $433.5K$416K
-4.0%

Summary: Greenwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Clark Township
+32.3%
New Whiteland
+9.3%
Greenwood
+6.8%
White River Township
+5.6%
Pleasant Township
+2.2%

Housing Supply in Greenwood, IN

How many homes are available in Greenwood, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
455474+4.2%

Summary: The Greenwood real estate market had 474 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 5644
-21.4%
3 204211
+3.4%
4 138156
+13.0%
5+ 5763
+10.5%

Summary: The Greenwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
117123+5.1%

Asking Price vs. Sold Price

78 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenwood, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.

Summary: A total of 123 homes were sold or pending in Greenwood in October 2024, up by 5.1% month-over-month. Of the 121 sold homes, 64% were sold under asking, 23% were sold at asking, and 12% were sold over asking.

Days on Market for Greenwood, IN

How long does it take to sell a home in Greenwood, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days30 Days+16.9%

Summary: Homes in Greenwood had an average of 30 days on market in Oct 2024, up by 16.9% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenwood are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 123 homes were sold in Greenwood; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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